SHORT DOLLAR AS RUPEE LOOKS STRONGER RISK-REWARD: 1:3
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...
Bonjour, Someone is really trying to protect the 67 handle. My guess it's someone with deep interest that the exchange rate for this pair doesn't pierce above that level ... maybe then they'll lose a lot of money. This pair has been in this ascending channel for quite some time ... are we going to see profit taking and a break of that channel or will it provide...
USDINR has been taking its support at this 4 year trendline support (in green) !! It is getting difficult for INR to depreciate against dollar i.e. difficult to climb up !! Are there signs of a major turn around -- where USDINR breaks this support !! If this happens that would make the Stock Markets to jump up and a correction in IT & Pharma Companies !! Till...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...
Bullish bat forming on USDINR. Looking to buy at 61.85 zone with 61.7 as Stop